Funding you earn now, next payment 08:00 UTC−0.0022%/8h= −2.5% APRnext payment −$0.11 per $10,000 · paid last 24h −0.009%
Price spread now: Variational Omni against BingX−0.010%7-day average +0.030% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.003%$0 on $10k
+Price spread, last 7 days+0.040%+$4 · spread now −0.010%, 7d avg +0.030%
=Together, before fees+0.037%+ Points / potential airdropVariational Omni: Active · farm board+$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.041% cheaper against BingX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.030%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ETHFI-USDC | 0.7045 | 0.0100 | pay 0.0050% / 4h | 3h 57m | — | $1.2M | — |
| Short | Variational Omni ETHFI | 0.7044 | 0.0078 | get 0.0039% / 4h | 3h 57m | $983K | $706K | — |
BingX ETHFI-USDC
Variational Omni ETHFIFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$4.71
- Price spread: −0.010% → +0.030%
- −$4.07
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$18.78
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: BingX: live order book, 8 min ago; Variational Omni: RFQ quote, 32 min ago. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy BingX live order book, 8 min ago | 2.14 bp | 19.7 bp −$20 | 83.9 bp −$839 | 574.3 bp −$57.4K | 758.4 bp −$379.2K |
| Sell Variational Omni RFQ quote, 32 min ago | 4.95 bp | doesn't fit | 45.9 bp −$459 | doesn't fit | doesn't fit |
ETHFI on 24 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0460% | 1h | 0.7041 | −0.057% | $40K | $11K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0350% | 4h | 0.7034 | −0.156% | $87K | $167K | 20x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0305% | 1h | 0.7041 | −0.061% | $263K | $208K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0238% | 4h | 0.7038 | −0.099% | $16K | $1K | 10x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0003% | 8h | 0.7050 | +0.068% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +2.768% | $321 | $51K | 5.5x | as long as short |
| Variational Omni ETHFIshort | +0.0078% | 4h | 0.7044 | −0.010% | $983K | $706K | — | |
| Binance ETHFIUSDT | +0.0093% | 4h | 0.7037 | −0.114% | $24.4M | $35.0M | 75x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7061 | +0.229% | $1.1M | $841K | 5x | as long as short |
| Extended ETHFI-USD | +0.0096% | 1h | 0.7034 | −0.161% | $95K | $381K | 10x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Kraken Futures PF_ETHFIUSD
Orderly PERP_ETHFI_USDC
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERP
Binance ETHFIUSDT
Lighter ETHFI
Extended ETHFI-USDShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ETHFI_USDT | +0.0096% | 4h | 0.7040 | −0.071% | $15.8M | $4.0M | 125x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7043 | −0.024% | $17.4M | $7.9M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7057 | +0.168% | $180K | $264K | 10x | as long as short |
| Bybit ETHFIUSDT | +0.0100% | 4h | 0.7040 | −0.071% | $17.6M | $12.6M | 25x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7044 | −0.014% | $5.0M | $12.3M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7052 | +0.099% | $1.7M | $1.9M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7047 | +0.028% | $1.2M | $229K | 50x | as long as short |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7036 | −0.128% | $6.0M | $5.2M | 75x | as long as short |
| BingX ETHFI-USDClong | +0.0100% | 4h | 0.7045 | long leg | — | $1.2M | — | |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7056 | +0.156% | $70K | $118K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7044 | −0.014% | $2K | $1.1M | 20x | as long as short |
| Aevo ETHFI-PERP | +0.0104% | 1h | 0.7045 | +0.006% | $8K | — | 3x | as long as short |
| BloFin ETHFI-USDT | +0.0338% | 4h | 0.7039 | −0.085% | $1.2M | $245K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0544% | 1h | 0.7054 | +0.128% | $31K | $6K | 50x | as long as short |
MEXC ETHFI_USDT
Hyperliquid ETHFI
Aster ETHFIUSDT
Bybit ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
Bitget ETHFIUSDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
Aevo ETHFI-PERP
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX